Good News for Mt. Gox

Mt.
Gox, the Bitcoin exchange launched in July 2010, which is based in
Tokyo will be re-opening shortly, after it suspended its trading
operations and filed for bankruptcy protection from its creditors in
February 2014. This decision comes after the Japanese courts approved
the civil rehabilitation plan which intends to repay the creditors in
cryptocurrency.

In
a statement made by Brock Pierce, he stated “The only person who
would have a reason to be against me is Mark Karpeles. I was just
with him a few days ago. Mark seems to be on the same page as I am.”

Reportedly,
Brock Pierce has a major stake in the Mt. Gox exchange. Most people
were introduced to Bitcoin, after news of the failure of Mt. Gox
broke out. As a result, one can understand why Pierce wants to write
a happy ending to the Bitcoin chapter.

The
crypto market experienced a wildly volatile week, with users making
massive gains towards the end of the business week.

News
of the crypto markets was more monotonous and repetitive with users
trying to figure out when the legendary market volatility was
expected to return. Joseph Young, a tech, financial and bitcoin
journalist based in Hong Kong who works with leading media and
publishing companies to introduce innovative ideas, concepts and
technologies was uncertain about the cause of the boom while, P.H.
Madore, a crypto expert, is of the feeling that low mortgages could
drive a more significant run in the months to come.

Reportedly,
The Telegram Open Network’s project, is almost complete, with few
minor changes to be made. The launch which was initially scheduled
for January has now been re-scheduled in the month of March. A number
of reports suggest that The Telegram Open Network has the potential
of becoming one of the world’s largest blockchain platform. Whether
or not, the Telegram Open Network outperforms its competitors is
something only time can tell.

This
week, a video of Vitalik Buterin, a co-founder and inventor of
Ethereum surfaced the internet. The video featured Buterin thrashing
“centralized piles of trash” which supposedly over – promise
transactions per second. He didn’t stop there but went on to
question the security and soundness of his rivals and also made fun
of the relatively small amount of decentralization in some rival
blockchain firms.

Changpeng
Zhao, a Chinese-Canadian business executive, who is the founder and
CEO of Binance, the world’s largest cryptocurrency exchange by
trading volume, as of April 2018, in his statement this week, said,
“Binance is ready to survive any number of years, no matter if it’s
bear or bull. We basically don’t really look at the market too much
― not as much as people actually think we do. We just keep our
heads down and build features.”

Speaking
about Amazon, Zhao said that it is inevitable that Amazon will issue
its own coin.

Social Media

Archives

Categories

FinanceOrange provides real time financial market news and business news to our regular readers for 24 hour a day. We are your one stop destination to get latest news updates on business, cryptocurrency, world economy and a lot more. We provide all the news updates with in-depth coverage.